| Profit Statement | 2015 | 2016 | 2017 | |
| Sales | CZK mil | 1,119 | 1,116 | 1,281 |
| Gross Profit | CZK mil | 452 | 455 | 528 |
| EBITDA | CZK mil | 141 | 135 | 214 |
| EBIT | CZK mil | 70.4 | 64.3 | 147 |
| Financing Cost | CZK mil | 1.38 | -6.68 | 42.9 |
| Pre-Tax Profit | CZK mil | 85.8 | 71.0 | 104 |
| Net Profit | CZK mil | 72.3 | 61.8 | 77.3 |
| Balance Sheet | 2015 | 2016 | 2017 | |
| Total Assets | CZK mil | 1,570 | 1,691 | 1,733 |
| Non-Current Assets | CZK mil | 701 | 725 | 739 |
| Current Assets | CZK mil | 865 | 972 | 1,000 |
| Shareholders' Equity | CZK mil | 1,345 | 1,448 | 1,498 |
| Liabilities | CZK mil | 224 | 243 | 235 |
| Total Debt | CZK mil | 1.00 | 0 | 0 |
| Net Debt | CZK mil | -424 | -489 | -395 |
| Ratios | 2015 | 2016 | 2017 | |
| ROE | % | 5.48 | 4.43 | 5.25 |
| Gross Margin | % | 40.4 | 40.8 | 41.2 |
| EBITDA Margin | % | 12.6 | 12.1 | 16.7 |
| EBIT Margin | % | 6.29 | 5.76 | 11.5 |
| Net Margin | % | 6.46 | 5.54 | 6.03 |
| Net Debt/EBITDA | -3.00 | -3.63 | -1.84 | |
| Net Debt/Equity | % | -31.5 | -33.8 | -26.3 |
| Cost of Financing | % | 7.74 | -1,336 | ... |
| Cash Flow | 2015 | 2016 | 2017 | |
| Cash Earnings | CZK mil | 143 | 132 | 144 |
Get all company financials in excel:
| summary | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||||||||
| Sales | CZK mil | 887 | 759 | 821 | 1,042 | 1,119 | ||||||
| Gross Profit | CZK mil | 449 | 407 | 387 | 458 | 452 | ||||||
| EBIT | CZK mil | 55.1 | 20.5 | 30.8 | 81.2 | 70.4 | ||||||
| Net Profit | CZK mil | 55.0 | 25.2 | 44.1 | 83.3 | 72.3 | ||||||
| ROE | % | 4.81 | 2.24 | 3.78 | 6.64 | 5.48 | ||||||
| EBIT Margin | % | 6.21 | 2.70 | 3.75 | 7.80 | 6.29 | ||||||
| Net Margin | % | 6.21 | 3.32 | 5.37 | 7.99 | 6.46 | ||||||
| Employees | 869 | 829 | 831 | 829 | ... | ... | ... | |||||
| balance sheet | ||||||||||||
| Total Assets | CZK mil | 1,326 | 1,339 | 1,356 | 1,518 | 1,570 | ||||||
| Non-Current Assets | CZK mil | 716 | 684 | 696 | 674 | 701 | ||||||
| Current Assets | CZK mil | 609 | 653 | 657 | 842 | 865 | ||||||
| Shareholders' Equity | CZK mil | 1,128 | 1,121 | 1,213 | 1,294 | 1,345 | ||||||
| Liabilities | CZK mil | 198 | 218 | 143 | 224 | 224 | ||||||
| Non-Current Liabilities | CZK mil | 115 | -19.6 | -45.6 | -60.8 | 5.86 | ||||||
| Current Liabilities | CZK mil | 14.5 | 168 | 161 | 224 | 185 | ||||||
| Net Debt/EBITDA | -1.45 | -2.66 | -3.00 | -2.08 | -3.00 | |||||||
| Net Debt/Equity | % | -16.6 | -22.4 | -25.1 | -24.4 | -31.5 | ||||||
| Cost of Financing | % | ... | 8.47 | 14.9 | -65.6 | -13.1 | 7.74 | ... |
| income statement | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| income statement | ||||||||||||
| Sales | CZK mil | 887 | 759 | 821 | 1,042 | 1,119 | ||||||
| Cost of Goods & Services | CZK mil | 437 | 352 | 434 | 584 | 667 | ||||||
| Gross Profit | CZK mil | 449 | 407 | 387 | 458 | 452 | ||||||
| Staff Cost | CZK mil | 340 | 325 | 315 | 332 | 318 | ||||||
| Other Cost | CZK mil | -19.5 | -12.4 | -29.7 | -25.1 | -6.78 | ||||||
| EBITDA | CZK mil | 129 | 94.5 | 101 | 152 | 141 | ||||||
| Depreciation | CZK mil | 73.8 | 74.0 | 70.6 | 70.4 | 70.9 | ||||||
| EBIT | CZK mil | 55.1 | 20.5 | 30.8 | 81.2 | 70.4 | ||||||
| Financing Cost | CZK mil | 6.45 | 5.34 | -11.0 | -2.34 | 1.38 | ||||||
| Extraordinary Cost | CZK mil | -16.9 | -15.9 | -11.1 | -14.5 | -16.8 | ||||||
| Pre-Tax Profit | CZK mil | 65.5 | 31.1 | 52.9 | 98.1 | 85.8 | ||||||
| Tax | CZK mil | 10.5 | 5.84 | 7.57 | 12.3 | 10.00 | ||||||
| Minorities | CZK mil | 0 | 0 | 1.21 | 2.49 | 3.53 | ||||||
| Net Profit | CZK mil | 55.0 | 25.2 | 44.1 | 83.3 | 72.3 | ||||||
| growth rates | ||||||||||||
| Total Revenue Growth | % | ... | 4.27 | -14.4 | 8.22 | 26.9 | 7.42 | |||||
| Operating Cost Growth | % | ... | -4.45 | -2.55 | -8.60 | 7.38 | 1.42 | |||||
| EBITDA Growth | % | ... | -1.92 | -26.7 | 7.41 | 49.5 | -6.89 | |||||
| EBIT Growth | % | ... | 8.11 | -62.8 | 50.5 | 164 | -13.4 | |||||
| Pre-Tax Profit Growth | % | ... | -8.13 | -52.6 | 70.3 | 85.4 | -12.5 | |||||
| Net Profit Growth | % | ... | 6.87 | -54.1 | 74.9 | 88.8 | -13.2 | |||||
| ratios | ||||||||||||
| ROE | % | 4.81 | 2.24 | 3.78 | 6.64 | 5.48 | ||||||
| Gross Margin | % | 50.7 | 53.6 | 47.1 | 44.0 | 40.4 | ||||||
| EBITDA Margin | % | 14.5 | 12.4 | 12.4 | 14.6 | 12.6 | ||||||
| EBIT Margin | % | 6.21 | 2.70 | 3.75 | 7.80 | 6.29 | ||||||
| Net Margin | % | 6.21 | 3.32 | 5.37 | 7.99 | 6.46 | ||||||
| Cost of Financing | % | ... | 8.47 | 14.9 | -65.6 | -13.1 | 7.74 | ... | ||||
| Net Debt/EBITDA | -1.45 | -2.66 | -3.00 | -2.08 | -3.00 |
| balance sheet | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| balance sheet | ||||||||||||
| Non-Current Assets | CZK mil | 716 | 684 | 696 | 674 | 701 | ||||||
| Property, Plant & Equipment | CZK mil | 651 | 650 | 666 | 664 | 687 | ||||||
| Intangible Assets | CZK mil | 4.40 | 3.01 | 3.95 | 4.06 | 3.19 | ||||||
| Current Assets | CZK mil | 609 | 653 | 657 | 842 | 865 | ||||||
| Inventories | CZK mil | 232 | 216 | 227 | 264 | 273 | ||||||
| Receivables | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Cash & Cash Equivalents | CZK mil | 226 | 284 | 306 | 351 | 425 | ||||||
| Total Assets | CZK mil | 1,326 | 1,339 | 1,356 | 1,518 | 1,570 | ||||||
| Shareholders' Equity | CZK mil | 1,128 | 1,121 | 1,213 | 1,294 | 1,345 | ||||||
| Of Which Minority Interest | CZK mil | 0 | 0 | 8.13 | 9.51 | 11.3 | ||||||
| Liabilities | CZK mil | 198 | 218 | 143 | 224 | 224 | ||||||
| Non-Current Liabilities | CZK mil | 115 | -19.6 | -45.6 | -60.8 | 5.86 | ||||||
| Long-Term Debt | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||
| Deferred Tax Liabilities | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Current Liabilities | CZK mil | 14.5 | 168 | 161 | 224 | 185 | ||||||
| Short-Term Debt | CZK mil | 39.2 | 32.6 | 1.00 | 34.7 | 1.00 | ||||||
| Provisions | CZK mil | 29.1 | 36.7 | 26.3 | 25.9 | 20.5 | ||||||
| Equity And Liabilities | CZK mil | 1,326 | 1,339 | 1,356 | 1,518 | 1,570 | ||||||
| growth rates | ||||||||||||
| Total Asset Growth | % | ... | -4.31 | 0.913 | 1.32 | 11.9 | 3.38 | |||||
| Shareholders' Equity Growth | % | ... | -2.74 | -0.680 | 8.24 | 6.66 | 3.98 | |||||
| Net Debt Growth | % | ... | 27.7 | 34.4 | 21.3 | 3.61 | 34.3 | |||||
| Total Debt Growth | % | ... | -65.3 | -16.8 | -96.9 | 3,372 | -97.1 | ... | ||||
| ratios | ||||||||||||
| Total Debt | CZK mil | 39.2 | 32.6 | 1.00 | 34.7 | 1.00 | ||||||
| Net Debt | CZK mil | -187 | -251 | -305 | -316 | -424 | ||||||
| Net Debt/Equity | % | -16.6 | -22.4 | -25.1 | -24.4 | -31.5 | ||||||
| Cost of Financing | % | ... | 8.47 | 14.9 | -65.6 | -13.1 | 7.74 | ... |
| cash flow | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| cash flow | ||||||||||||
| Net Profit | CZK mil | 55.0 | 25.2 | 44.1 | 83.3 | 72.3 | ||||||
| Depreciation | CZK mil | 73.8 | 74.0 | 70.6 | 70.4 | 70.9 | ||||||
| ratios | ||||||||||||
| Days Sales Outstanding | days | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Days Sales Of Inventory | days | 193 | 224 | 191 | 165 | 149 | ||||||
| Cash Earnings | CZK mil | 129 | 99.2 | 115 | 154 | 143 |
| other data | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| other data | ||||||||||||
| ROA | % | 4.06 | 1.89 | 3.27 | 5.80 | 4.68 | ||||||
| Gross Margin | % | 50.7 | 53.6 | 47.1 | 44.0 | 40.4 | ||||||
| Employees | 869 | 829 | 831 | 829 | ... | ... | ... | |||||
| Cost Per Employee | USD per month | 1,843 | 1,668 | 1,615 | 1,560 | ... | ... | ... | ||||
| Cost Per Employee (Local Currency) | CZK per month | 32,594 | 32,634 | 31,597 | 33,330 | ... | ... | ... | ||||
| Staff Cost (As % Of Total Cost) | % | 40.9 | 44.0 | 39.9 | 34.5 | 30.3 | ||||||
| Effective Tax Rate | % | 16.0 | 18.8 | 14.3 | 12.5 | 11.7 |
Get all company financials in excel:
MESIT holding, a.s. is a Czech Republic-based company engaged primarily in the development and production of communications and navigation technology, digital and analogue electronics for the military and police and industrial applications. The Company is based in Uherské Hradiště, the Czech Republic.
MESIT holding has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 17.8% a year during that time to total of CZK 214 mil in 2017, or 16.7% of sales. That’s compared to 13.7% average margin seen in last five years.
The company netted CZK 77.3 mil in 2017 implying ROE of 5.25% and ROCE of . Again, the average figures were 5.12% and %, respectively when looking at the previous 5 years.
MESIT holding’s net debt amounted to CZK -395 mil at the end of 2017, or -26.3% of equity. When compared to EBITDA, net debt was -1.84x, up when compared to average of -2.71x seen in the last 5 years.
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